So much for changing our image around the world. When President Obama isn’t busy apologizing for America and grovelling to our enemies, he’s trashing our friends. Now it’s Ireland, the Netherlands and Bermuda he’s gone and ticked off.
Remember when Barack Obama ran on the promise to restore our diplomatic relations with out allies in the West? The Dutch and the Irish just discovered its expiration date. In rolling out his plan to close supposed loopholes for multinational corporations, the Obama administration attacked Ireland, the Netherlands, and Bermuda as “tax havens” specifically and explicitly acting to deny the US government its due from tax collections. The Dutch are particularly incensed…read full story at HotAir.
Ironically, Obama’s recent announcement also has made the business community unhappy.
Business groups on Monday warned that Mr. Obama’s plan would eliminate American jobs, not add them. They said the current rules are aimed primarily at putting U.S. companies on an equal tax footing with international rivals, many of which benefit from favorable tax treatment by their home countries.
“The overseas operations of U.S. multinational companies support jobs and higher living standards here at home,” said John Castellani, president of the Business Roundtable, an association of chief executives of major corporations.
Such an argument could appeal to lawmakers who will be weighing the Obama proposal — and who are concerned about employment rates in their home districts during the economic downturn.
What did they think Obama was going to do? The only jobs he cares about are the ones he can take credit for. And if bashing corporations can win him a few votes, all the better – for Obama.
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